BlackRock, Inc. (BLK) Position Decreased by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,633 shares of the asset manager’s stock after selling 263 shares during the period. Calamos Advisors LLC’s holdings in BlackRock were worth $5,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Architects Inc lifted its position in shares of BlackRock by 0.7% during the second quarter. Financial Architects Inc now owns 291 shares of the asset manager’s stock valued at $123,000 after purchasing an additional 2 shares in the last quarter. Davis R M Inc. lifted its position in shares of BlackRock by 0.4% during the second quarter. Davis R M Inc. now owns 564 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 2 shares in the last quarter. Eqis Capital Management Inc. lifted its position in shares of BlackRock by 0.5% during the first quarter. Eqis Capital Management Inc. now owns 609 shares of the asset manager’s stock valued at $233,000 after purchasing an additional 3 shares in the last quarter. National Asset Management Inc. lifted its position in shares of BlackRock by 0.4% during the first quarter. National Asset Management Inc. now owns 716 shares of the asset manager’s stock valued at $275,000 after purchasing an additional 3 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of BlackRock by 1.2% during the second quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 3 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Shares of BlackRock, Inc. (NYSE:BLK) opened at 434.07 on Thursday. BlackRock, Inc. has a 12 month low of $336.84 and a 12 month high of $442.84. The company has a market cap of $70.41 billion, a price-to-earnings ratio of 20.83 and a beta of 1.71. The firm has a 50-day moving average of $422.45 and a 200 day moving average of $406.87.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Monday, July 17th. The asset manager reported $5.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.39 by ($0.15). BlackRock had a return on equity of 11.74% and a net margin of 29.92%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the company earned $4.78 EPS. BlackRock’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts expect that BlackRock, Inc. will post $21.83 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, August 31st. BlackRock’s dividend payout ratio (DPR) is presently 47.98%.

A number of research analysts recently weighed in on BLK shares. Bank of America Corporation reissued a “buy” rating and set a $450.00 price target on shares of BlackRock in a research report on Monday, June 19th. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “buy” rating and set a $480.00 price target on the stock in a research report on Tuesday, June 20th. BidaskClub raised shares of BlackRock from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Deutsche Bank AG raised their price target on shares of BlackRock from $447.00 to $449.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Finally, Morgan Stanley reissued an “overweight” rating and set a $460.00 price target (up from $422.00) on shares of BlackRock in a research report on Monday, July 10th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $449.08.

In other news, insider Robert W. Fairbairn sold 3,675 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total value of $1,526,264.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeff A. Smith sold 250 shares of the stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $434.87, for a total transaction of $108,717.50. The disclosure for this sale can be found here. Insiders sold a total of 4,447 shares of company stock worth $1,855,015 in the last quarter. Company insiders own 1.86% of the company’s stock.

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BlackRock Company Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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